Katong Plaza was recently launched for the third time with an unchanged asking price of S$188 million after obtaining planning permission for hotel use.
PHOTO: HUTTONS ASIA
Darby Park Executive Suites, which was re-zoned for hotel use this year, is understood to have been sold for S$160 million.
PHOTO: GOOGLE MAPS
WITH rising tourist arrivals and limited stock, investor appetite for Singapore hospitality assets is heating up, with hospitality deals in the first nine months of the year totalling S$4.2 billion, according to data from Colliers International.